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D.C. Municipal Regulations (Last Updated: September 13, 2017) |
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Title 15. PUBLIC UTILITIES AND CABLE TELEVISION |
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Chapter 15-25. CERTIFICATION OF LOCAL EXCHANGE SERVICE PROVIDERS |
Section 15-2506. FINANCIAL STATEMENTS
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2506.1An applicant that has been in operation for three years (3) or more shall submit:
(a)If the company is publicly traded, a copy of its two most recent Securities and Exchange Commission Form 10-K reports; or
(b)If the company is not publicly traded, audited balance sheets, income statements, and statements of cash flow for each of the immediately preceding three (3) fiscal years and for the interim quarters between the end of the last audited fiscal year and the application date.
2506.2An applicant that has been in operation for at least twelve (12) months but less than three (3) years shall submit:
(a)If the company is publicly traded, a copy of its most recent Securities and Exchange Commission Form 10-K; or
(b)If the company is not publicly traded, audited balance sheets, income statements, and statements of cash flow, for each of the fiscal years the company was in operation and for the interim quarters between the end of the last audited fiscal year and the application date.
2506.3An applicant that has been in operation for less than twelve (12) months on the date the Application is filed may submit such financial statements as are kept in the regular course of the applicant's business operations.
2506.4If, in response to Section 2503.1(h), an applicant identified an affiliate upon which the applicant is relying to demonstrate financial stability and/or expertise in providing telecommunications services, the applicant shall submit, in addition to its own financial statements, those of the affiliate. The applicant shall submit financial statements for the affiliate pursuant to Sections 2506.1, 2506.2, or 2506.3, depending on the length of time that the affiliate has been in operation.
2506.5If audited financial statements are unavailable, an applicant may submit unaudited financial statements and a statement explaining why audited statements are not available.
2506.6The Commission may waive the requirement for audited financial statements upon a showing of good cause.